Group Home Owners Will Get Favorable Tax Treatment With The Changes In The New Tax Code.
The Last time the Tax Code changed this much was back in 1986. Many of you Group Home Entrepreneurs weren’t even born yet! Back then, plenty of people got wiped out…..and plenty of others got massively rich. In today’s lesson I want to talk about how the new changes in the TAX PLAN will impact you as an owner and operator of GROUP HOMES.
The Rich Play The Game Of Money By Using The Tax Code To Their Advantage
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And if you step back and look at the new code objectively, you will notice that they are incentivizing entrepreneurs, business owners and Group Home entrepreneurs . How?
The tax code rewards and encourages certain behaviors and rewards people like you for taking action. There is now a 20% deduction on pass through income, which rental income and certain operating businesses (like group homes, assisted livings, care homes, sober homes, disabled vet homes etc) qualify for. This 20% deduction is not sunsetted either. Additionally, if you happen to own the real estate, you get to depreciate the property….often times wiping out all of your income on paper…..Yes, literally paying nothing in taxes.
If we just use our example above I will give you a few reasons:
1. If you start a group home business, you will employee people. The government wants this!
2. The government wants to train you to be an entrepreneur. Small business (like your group home or care home) is the back-bone of the US economy. Think TAX REVENUE. Local, State and Federal.
3. If you start a GROUP HOME you will be providing a much needed service to society. Disabled Vets, Homeless Vets, MHMR and other special needs populations need housing. Our Government Wants America to be the best. Have you ever been to Brazil or Venezuela? I have…They don’t take care of their homeless. Our Govt. wants to.
4. What Can Your Business Spawn? When you start a business – whether a Group Home or other, it changes how you view the world. You will begin seeing opportunity EVERYWHERE. This is why tech cities like Seattle, Austin, San Jose, San Fran and others have so many startups…..they start with one large company (Think HP, Dell, Amazon etc) and then these employees see opportunity for other endeavors. These other business create more jobs, more wealth and more happiness for the next crop of children and people.
SUMMARY:
The government offers incentives in the form of little to no taxes for those that know how to play the game of money.
Learn more about these secrets at my blog:
https://www.grouphomeriches.com/blog/
Or, if you have already decided it is time for you to start a SIDE HUSTLE with Group Homes or even a full time venture and want to make an additional $3,000 – $30,000 per month with group homes and other assisted livings, check out my GOLD COURSE.
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